OUR NEWS

09/04/2015
VTB Bank supports endowment formation of the FEFU Endowment Foundation

VTB Bank made a decision to support Endowment Foundation of the Far Eastern Federal University. The 50 million ruble donation agreement was signed by the First Deputy President and Chairman of VTB Bank Management Board Vasily Titov and the FEFU Endowment Director Anatoly Razgonov.

This support brings cooperation between one of the largest banks of Russia and the leader of higher education in the Asia Pacific Region and in the Russian Far East to a new level. The donation will be used to fund promising research projects and to offer competitive support of fundamental and exploratory research in the FEFU priority development areas.

The First Deputy President and Chairman of VTB Bank Management Board Vasily Titov says that, “For VTB Bank support of the Russian universities and educational projects has always been of priority importance. Our assistance to the Endowment Foundation of the Far Eastern Federal University is a way of supporting educational segment of the Asia Pacific Region and the Russian Far East, whose land is rich with young talents. I hope that later on the university graduates will join the teams of the leading Russian companies, including VTB Bank.”

“An active and fruitful partnership between major corporations and the University implemented through the FEFU Endowment Foundation with the support of the leadership of the nation, allows us to develop and fulfill our long-term strategic plans by ways of invitation of the best professors, by identification of the research topics and by extension of competitive grants support of the break-through innovative research projects with involvement of young scientist and doctoral students. We hail the decision of VTB Bank and we are confident that our cooperation will be fruitful,” says the Chairman of the FEFU Endowment Foundation Board Igor Osipov.

Source: https://www.vtb.ru/group/press/news/releases/469921/